[NYguy]

Quote from globest.com

http://www.globest.com/news/1379_137...sector=newyork

Despite Lawsuits, Atlantic Yards Sees '11 Opening

By Cody Lyon

Despite the legal actions, an FCRC spokesman tells GlobeSt that the developer hopes to see Barclays Center Coliseum open by 2011. Although FRCC expects to encounter further delays because of litigation, the developers expect to close on its deal with the Metropolitan Transportation Authority and break ground on the 22-acre project.

“We’ve gone about as far as we can go at this point with the preliminary work, including sewer, track, infrastructure and utility work, along with demolition,” the FCRC spokesman tells GlobeSt.com.

Five of the eight blocks making up the future project’s footprint are within the 1968 Atlantic Terminal Urban Renewal Area, making the area ripe for future economic revitalization efforts. Within those five blocks are eight acres owned by the MTA for use as a below-grade rail yard. But adjoining that, three privately owned contiguous blocks located on the south side of Pacific Street that are privately owned. Critics say that over the past few years, FCRC bought large portions of property within those blocks, making it easier for the Empire State Development Corp. to label the entire area as blighted and enabling the taking of lots through eminent domain.

“FRDC doesn’t own the railyards, they haven’t paid anything to the MTA,” the DDDB spokeman tells GlobeSt.com. “If the MTA wants to pull out of its $100-million agreement, it could.” An MTA spokesman tells GlobeSt.com that the $100 million was due when the deal closes.

DDDB believes the only component of Atlantic Yards Brooklyn will likely see in the next few years will be the Barclays Center arena, which is to house the Nets basketball team. “Bruce Ratner has every intention to take control of that land and build an arena and build the rest of the project once the economy picks back up, if it does,” says a spokesman for the group.

But an ESDC spokesman says the project has always been planned in phases. He tells GlobeSt that around 20 lawsuits have been brought attempting to kill the project and almost all have been subsequently dismissed. He says that ESDC looks forward to having resolution on the issue. “Atlantic Yards’ construction timeline is totally dependent on the litigation and once the litigation has been resolved, the project will continue right away,” the ESDC spokesman tells GlobeSt.com

The DDDB spokesman says it is not litigation that’s stopping FCRC from going forward with the project. He says that since the project was approved in December ’06, all FCRC has done to forward the project is demolish half the necessary buildings and complete some infrastructure work.

The opposition group’s spokesman says FCRC’s goal is to get control of the land, by getting past the lawsuits and perusading the state to take the properties so that FCRC “controls the 22 acres” whereby FCRC builds what it wants, when it wants. “There’s a misperception out there that the project's dead because of the economy and it just simply is not true,” he says.